Getty Images Cuts 2023 Revenue Guidance From $920M-$935M To $900M-$910M vs $926.88M Est.
Portfolio Pulse from Benzinga Newsdesk
Getty Images has reduced its revenue guidance for 2023 from the previously estimated range of $920M-$935M to a new range of $900M-$910M, which is below the analyst consensus estimate of $926.88M.
November 14, 2023 | 9:09 pm
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Getty Images has revised its 2023 revenue outlook downwards, which is likely to negatively impact investor sentiment and could lead to a decrease in the stock price in the short term.
Downward revisions in revenue guidance are typically perceived negatively by the market as they suggest that the company may not perform as well as previously expected. This can lead to a loss of investor confidence and a potential sell-off in the short term.
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